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IMF: Kenya's economy self reliant, don't need EU
Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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guru267 wrote:Nabwire wrote:guru267 wrote:dunkang wrote:So, you are saying BAT, Vodafone, diageo, Lafarge collect taxes from their debt ridden economies and give it to KRA?
These firms actually milk our economy.
@dunkang yes these firms milk our economy but do you see any Kenyans setting up rival firms to compete with these guys?? The fact is reliance is not only about aid.. If their governments ban these guys from operating in Kenya who will fill the gap in taxes & services that will arise?? Kwani this CFA is gotten from River Road? What kind of reasoning is this? So you agree that they are milking our economy dry, but then go ahead to give reasons why they should stay and keep milking us, just so they can pay taxes? RETARDED!!! @Nabwire Economics 101: GOK has a budget that is sustained by taxes and borrowing... Currently taxes sustain about 75% - 80% of the budget leaving 20% -25% for borrowing... This was probably why the team thinks Kenya is self sustaining! But I was merely pointing out that the biggest tax payers are foreign multinationals & our dear exporters and the biggest lenders to GOK are foreign banks! Lets not even go into how the clothes on our backs are imported! Lets not even go into how you will not be able to send money home! The big question is who finances the budget when they leave?? @guru do you believe that multinationals esp BAT will close shop in Kenya because Uhuru is president? I have told you before, these sanctions etc are not about you but the issuers countries interest. If their interests are met, they care less about you and your choice of president. Its a fact that these multinationals make the most in Africa and pay the least of taxes. May be you need to do more research b4 you pen your thoughts. You must be dreaming big if you believe that Safcom would close shop come April...that is even laughable I dont know what about clothes your talking about but ask any clothes merchant and they will guide you through the streets of Guangzhou "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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EUROPE DISAPPEARING FROM THE FACE OF AFRICAQuote: The West, and particularly European countries, are slowly being driven out of Africa by emerging economies, with China at the forefront. Its argued that if Europe still wants to play any role at all, it should cast aside its paternalism and fear of neocolonialism.  Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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murchr wrote:guru267 wrote:Nabwire wrote:guru267 wrote:dunkang wrote:So, you are saying BAT, Vodafone, diageo, Lafarge collect taxes from their debt ridden economies and give it to KRA?
These firms actually milk our economy.
@dunkang yes these firms milk our economy but do you see any Kenyans setting up rival firms to compete with these guys?? The fact is reliance is not only about aid.. If their governments ban these guys from operating in Kenya who will fill the gap in taxes & services that will arise?? Kwani this CFA is gotten from River Road? What kind of reasoning is this? So you agree that they are milking our economy dry, but then go ahead to give reasons why they should stay and keep milking us, just so they can pay taxes? RETARDED!!! @Nabwire Economics 101: GOK has a budget that is sustained by taxes and borrowing... Currently taxes sustain about 75% - 80% of the budget leaving 20% -25% for borrowing... This was probably why the team thinks Kenya is self sustaining! But I was merely pointing out that the biggest tax payers are foreign multinationals & our dear exporters and the biggest lenders to GOK are foreign banks! Lets not even go into how the clothes on our backs are imported! Lets not even go into how you will not be able to send money home! The big question is who finances the budget when they leave?? @guru do you believe that multinationals esp BAT will close shop in Kenya because Uhuru is president? I have told you before, these sanctions etc are not about you but the issuers countries interest. If their interests are met, they care less about you and your choice of president. Its a fact that these multinationals make the most in Africa and pay the least of taxes. May be you need to do more research b4 you pen your thoughts. You must be dreaming big if you believe that Safcom would close shop come April...that is even laughable I dont know what about clothes your talking about but ask any clothes merchant and they will guide you through the streets of Guangzhou @murchr 1. it is possible for foreign governments to ban their companies from operating anywhere that they have slapped sanctions... It will all be part of the package 2. Except the TSC, the top 10 Kenyan tax payers are at the clutches of the west... www.businessdailyafrica....48/-/s5bfc2/-/index.html3. Kenya is just one of the African countries set for an economic boom.. If it were to fall trust me the world would move on! (A $35bn economy is a drop in the ocean) 4. I would take a white man's threat seriously.. Just ask Gaddafi  5. Just because something is made in China doesn't make it Chinese owned.. Ask apple!! 6. This has nothing to do with UMK but more to do with Western states abiding to treaties that do not allow them to relate with officially suspected war criminals! Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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guru267 wrote:Who are Kenya's biggest tax payers that finance our budget?? Isn't it BAT, Vodafone, Diageo, Lafarge?? Isn't it exporters like KQ??
Who are the biggest buyers of CBK bonds?? Isn't it Barclays & Stanchart!
When sanctions hit and the above are banned from operating what exactly will sustain the economy? Do BB-UK & STANCHART make same profits in their countries like they do in kenya? It's our money those companies are proud off. We are the customer & l believe u know the value of the customer in any business.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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guru267 wrote:murchr wrote:guru267 wrote:Nabwire wrote:guru267 wrote:dunkang wrote:So, you are saying BAT, Vodafone, diageo, Lafarge collect taxes from their debt ridden economies and give it to KRA?
These firms actually milk our economy.
@dunkang yes these firms milk our economy but do you see any Kenyans setting up rival firms to compete with these guys?? The fact is reliance is not only about aid.. If their governments ban these guys from operating in Kenya who will fill the gap in taxes & services that will arise?? Kwani this CFA is gotten from River Road? What kind of reasoning is this? So you agree that they are milking our economy dry, but then go ahead to give reasons why they should stay and keep milking us, just so they can pay taxes? RETARDED!!! @Nabwire Economics 101: GOK has a budget that is sustained by taxes and borrowing... Currently taxes sustain about 75% - 80% of the budget leaving 20% -25% for borrowing... This was probably why the team thinks Kenya is self sustaining! But I was merely pointing out that the biggest tax payers are foreign multinationals & our dear exporters and the biggest lenders to GOK are foreign banks! Lets not even go into how the clothes on our backs are imported! Lets not even go into how you will not be able to send money home! The big question is who finances the budget when they leave?? @guru do you believe that multinationals esp BAT will close shop in Kenya because Uhuru is president? I have told you before, these sanctions etc are not about you but the issuers countries interest. If their interests are met, they care less about you and your choice of president. Its a fact that these multinationals make the most in Africa and pay the least of taxes. May be you need to do more research b4 you pen your thoughts. You must be dreaming big if you believe that Safcom would close shop come April...that is even laughable I dont know what about clothes your talking about but ask any clothes merchant and they will guide you through the streets of Guangzhou @murchr 1. it is possible for foreign governments to ban their companies from operating anywhere that they have slapped sanctions... It will all be part of the package 2. Except the TSC, the top 10 Kenyan tax payers are at the clutches of the west... www.businessdailyafrica....48/-/s5bfc2/-/index.html3. Kenya is just one of the African countries set for an economic boom.. If it were to fall trust me the world would move on! (A $35bn economy is a drop in the ocean) 4. I would take a white man's threat seriously.. Just ask Gaddafi 5. Just because something is made in China doesn't make it Chinese owned.. Ask apple!! 6. This has nothing to do with UMK but more to do with Western states abiding to treaties that do not allow them to relate with officially suspected war criminals! Please endelea kuota....if you are cheated to believe vodafone would sell off their cash cow to please their govt and you, your very mistaken. Even in the most sanctioned country Zimbabwe these jungus still hover around there looking for the next deal. Remember they danced with Gadaffi and even awarded his son with degrees from their best schools yet he dint step in any of the classes, even with those treaties in place. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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Na pia hii theories nyingi muache unless nyinyi ni walimu.
Be real, these Europeans & US are bankrupt!
Our economy is doing Okay & IMF Says we don'nt need them much!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Ngong wrote:guru267 wrote:Who are Kenya's biggest tax payers that finance our budget?? Isn't it BAT, Vodafone, Diageo, Lafarge?? Isn't it exporters like KQ??
Who are the biggest buyers of CBK bonds?? Isn't it Barclays & Stanchart!
When sanctions hit and the above are banned from operating what exactly will sustain the economy? Do BB-UK & STANCHART make same profits in their countries like they do in kenya? It's our money those companies are proud off. We are the customer & l believe u know the value of the customer in any business. Lets talk real numbers!! Barclays Kenya makes 9billionkshs($100million) net profit while Barclays UK makes 400billionkshs($4.6billion) net profit... We only contribute a tiny tiny 2% to the parents earnings This simply means that even though the Kenyan subsidiary was wiped off the earth today Barclays UK wouldn't even announce a profit warning! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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murchr wrote:Remember they danced with Gadaffi and even awarded his son with degrees from their best schools yet he dint step in any of the classes, even with those treaties in place. I'm sorry... In which court of law was court was Gaddafi charged while they danced with him?? This was actually the beginning of the end for Gaddafi! www.nytimes.com/2011/06/...africa/28libya.html?_r=0Sound similar?? Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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guru267 wrote:murchr wrote:Remember they danced with Gadaffi and even awarded his son with degrees from their best schools yet he dint step in any of the classes, even with those treaties in place. I'm sorry... In which court of law was court was Gaddafi charged while they danced with him?? This was actually the beginning of the end for Gaddafi! www.nytimes.com/2011/06/...africa/28libya.html?_r=0Sound similar?? Madam, if the people of Libya had not rebelled, Gadaffi would still have been President. Even Museveni was once a dictator and now he is the "best" leader in EA. http://www.guardian.co.u...fice-oxford-gaddafi-son
http://www.dailymail.co....hief-Howard-Davies.html
Stop acting like you live in mars. Welcome to plannet Earth my sisto  "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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